Third Workfare Special Bonus instalment to be paid out

Some 339,000 Workfare Income Supplement (WIS) recipients will have received the third instalment of their Workfare Special Bonus (WSB) payment by this Saturday. -- ST PHOTO : JASON QUAH

By Tan Dawn Wei

Some 339,000 Workfare Income Supplement (WIS) recipients will have received the third instalment of their Workfare Special Bonus (WSB) payment by this Saturday.

The bonus is part of the $3.2 billion 'Grow & Share' Package announced by the Government in February 2011 and is given on top of WIS.

It is paid in four instalments - with two instalments amounting to 50 per cent of WIS for work done in 2010, and 25 per cent of WIS each year for work done in 2011 and 2012. The first instalment was paid in May 2011 and the second instalment was paid in December 2011.

Eligible employees will automatically receive their bonus payments fully in cash. For example, a WIS recipient aged 60 and earning $1,000 a month will receive $700 in special bonus on Dec 1.